The supercar has been in development for two years, but the NEVS agreement allows Koenigsegg to accelerate the pace of development and present the car in the first half of 2020.

The exact specifications of the new model have not yet been revealed, although we know it will feature the 5.0 litre V8 with proven dual turbocharger and some form of electrification.

In addition, it will also use a “free valve” system from engineering sister company Freevalve AB. This technology allows the intake and exhaust valves to be controlled freely without the need for camshafts, resulting in lower fuel consumption, lower emissions and higher performance.

Other models are in the pipeline, although details have not yet been disclosed. They will be developed and built at the Koenigsegg facility in Ängelholm, Sweden, and a new final assembly plant will be built. However, NEVS also owns the assets of the now defunct Saab and therefore has the potential to make use of a major production, research and development facility in Trollhätttan.

However, do not expect new investments and ambitions to make Koenigsegg a high-volume manufacturer. Last year it produced only 18 cars and its goal is to expand it to 100 cars a year in the next few years with the cheapest new car. In the longer term, this could break four figures, depending on the deployment of future models.

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